Newspaper Page Text
REAL ESTATE
MARKETS
VOL. X. NO. 250.
FAIR WEATHER RENEWS INTEREST IN REAL ESTATE DEALING
Harling Is Confident
Os Atlanta's Future
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E. L. Harling. of Petty & Har
ling. who says out-of-town money
is being invested heavily in At
lanta real estate.
MORTGAGES GIVE
ANDPPORTUNITV
Harling Discusses Big Gain in
Values and Interest in
Atlanta Investments.
"When the news went forth that
mortgages on Atlanta real estate were
as safe and sure for investors as gov
ernment bonds, it penetrated to the ut
most corners of the country and to not
a few foreign lands," says E. Har
ling. of the agency of Petty & Har
ling.
"Some people, when they think of a
mortgage-holder, picture a rich old
man. maybe a skinflint or a miser, who
stands ready to buy in the property for
half its value the day after the inter
est is defaulted.
"Small mortgages, from SI,OOO to $5.-
>OO- -and they are the majority—are
held by small investors, many of whom
have all their savings sunk in a single
mortgage. The trust companies, guar
> antee companies and insurance compa
nies have the big mortgages, and in
the aggregate they represent the bulk
of money lent on real estate, but their
number is comparatively small.
"Here is a. man in a small town in
Georgia,” said Mr. Harling, picking a
letter from his desk. "He has $1,500
, invested in mortgages in Atlanta, and
. he has written ’ letter saying he has
saved Il.()0*> in which he wishes to
1 place on Atlant... real estate. Such ex
amples as these only show how out-of-
I town and out-of-lh< -state people re
" gard Atlanta real estate.
“In 29 years Atlanta real estate has
more than doubled in value, in an
other 20 years it will increase with
equal rapidity. I think Atlanta real
estate has greater things to look for
ward to in the future than she has
reached in the past. Twenty years
, fi mti lodar the prices of today in At
lanta property will probably seem as
cheap as now do those of 30 years ago,
Not a purchaser on our books whose
property is situated in Atlanta but
■ could sell out at a nice profit. We have
i property now in well located corners.
K Close In. that is S3OO to SSOO per front
■ foot too ' heap.
"It only takes a little push on the
. part of owners to bring Atlanta dirt
" up to Its real value, For instance, just
look at the wonderful advances in
property around the Piedmont hotel,
T.uckie Walton and Spring streets and
1 several other north side streets. This
only demonstrates what advertising
and energy on the part of the real es
tate men of Atlanta have done for this
section. The close-in south side streets
are next in line, and the time is now
at hand to make a smalt fortune in
buying south side property, at the pres
ft ent prices.”
■ GREAT OPPORTUNITY
FOR INVESTORS, SAY
HOLM ES & LUCKIE
"The opportunities for safe investment
and rapid enhancement were never better
than at present in and around Atlanta,
said one of the firm of Holmes & Luckie.
■■The main arteries leading out north
front the center of the city especially in
terest us, and we think there will be more
I iwoney made in this section in the next
, f P « years than ever before
' ... r) , r Howell Mill road. Pace's Kerry
road, the Roswell toad, Plaster's Bridge
ft r"ad I'ea'htree toad, and all the rross-
F reads and intervening territory offer un-
second t he Atlanta Georgian ™
SECTION SEC 1 ION
AND NEWS
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A- -L
Hollow Tile Grows
In Popular Favor as
! . Residence Material
"That Atlanta is the recognized pro
gressive city of the South is due pri
marily to the fact that the citizens are
quick to adopt any article of merit.
While hollow tile has been used from
the earlier days of modern tire-proof
office and public buildings, it was not
until recently adopted for residences.
Examples of what is being done with
' hollow tile are the Singer building, the
Pennsylvania and Grand Central Ter
minals in New York city, the enormous
22-story building of the People’s Gas
Company, the Chicago and Northwest
i ern Terminal and other great struc
-1 tures built and now being built on a
similar scale," says C. Fieri Dahm, of
the Atlanta-Suburban Realty Company
"About five years ago hollow tile was
considered available for residences, and
r has since been adopted by thousands of
home builders In the North and West.
"Its cost for maintenance and repairs
is far less than in the case with build
ings of frame or brick and wood. It
i never requires painting.
“We have had numerous inquiries in
regard to the stability of the stucco on
; hollow tile. We admit that stucco ap
plied over expanded metal has never
' proven satisfactory. Dampness will in
' variably work through and will cause
the wood studs and siding to expand
and settle. This will cause unsightly
cracks to appear In the Wall. This dis-
■ Acuity has been eliminated by the use
of hollow tile, which forms an absolute
L bond with the stucco and results in a
masonry wall which can not settle. An.
’ other mistaken idea of those not fainil
i iar with this l construction is the cost.
' In experienced hands a hollow tile resl-
Idence can be erected at practically the
' same cost of a wood constructed house
and far cheaper than brick or brick
i veneer.
“There ate several hollow tile resi
dences in Atlanta; we have one now in
course of construction at 305 East Fifth
street."
, limited opportunities for safe and profit
, able investment.
"The ever-widening circle of Atlanta is
steadily marching on and enveloping this
■ territory, and we predict present prices
' will look extremely cheap by comparison
in a few years, it. therefore, behooves
i the man who would like to acquire a
site for a beautiful home out in the most
, desirable residence section to be up and
doing, and buy while the buying is good.
Improvements in sight now for this imme
diate section in the next twelve months
> amount to several million dollars, and like
a great snowball, this development gath
ers strength as it goes."
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UUAVTIFU.U SVKGAPOW' « coiximAu sSa>
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Presidential Year
Won't Hurt Trade, Is
W*M, Wilson's Belief
W. M. Wilson, of the firm of Wilson
Bros., believes this is a presidential year
which won’t hurt business.
“Notwithstanding the generally accept
ed theory that presidential .rears are bad
on most business, especially the real es
tate lines, our firm has experienced no
slump in buying, selling or renting this
year,’’ he says, “and we confidently ex
. pert brisk trading right on through the
summer.
“An election in Georgia is so frequent
an occurrence that business men no long
er sit down and wait to see which candi
date is going to win, but. on the con
trary, pay little or no attention to th*
political end and resolve to work for re
. suits, regardless of politics.
“We have a steady demand for homes
on the north side, particularly in the vi
cinity of the end of the Highland avenue
car line, having sold recentlj in High
■ land View' and Adair avenue a dozen or
more lots on which we will start the first
> of five bungalows during the coming
week. These will be thoroughly modern,
classy in architectural design, and, hav
ing all modern conveniences, will natu
rally be sold before the roofs are on.”
MIDWAY SUBDIVISION
OPEN TO HOMESEEKERS:
Midway, a new Atlanta sub-division,
has been opened by* the Atlanta Realty
Owners, and lots are being offered for
’ sale. Midway is between the business
i centers of Fairburn and I’nion City, and
' inside Union City’s corporate limits. It
is on one of the finest automobile high
ways in the. slate, and a number of de
sirable lots for suburban homes have been
I surveyed, and are ready for buildings.
Besides residence property, the plot
contains many sites for business houses,
i and excellent railroad facilities are to
, be had. Each lot is .">0 by 115 feet, with
the front on a wide street, and running
back to an alley 20 feet wide.
ATLANTA, GA„ SATURDAY, MAY 18. 1912.
Wilson Thinks 1912
Will Be Good Year
*
.i-s .4
\V. M. Wilson, realty dealnr,
who prmliets that this will he
one presidential year which won t
hurt
Watch Decatur Grow,
Says Worsham, Who
Boosts Suburb City
"Watch Decatur grow,” says J. M'.
Worsham, whose real estate agency is
in the Third National Bank building.
"Today it is the ideal residence town in
Georgia.
“Do you know of any other town of
3,300 population with twelve miles of
tile walks, the same amount of curbing
and four miles of macadam streets, or,
for that matter, any town or city any
where which has solved the sewerage
question as well as Decatur has. with
its thoroughly modern septic disposal
plants? We have toe very best water
supply, a thoroughly modern sewerage
system and our educational facilities
are unsurpassed in Georgia or in the
entire South. Though we have just
built a $20,000 public school building,
yet we recently voted $.30,000 more t’or
bonds for another school building, this
being made necessary b\ reason of the
wonderful growth of Decatur since 1910.
"In addition to our public school sys
tem, we have the Donald Fraser High
school, Agnes Scott academy and Agnes
Scott college, which attract to our
town the very best people from every
section of the country.
“Then." says Mr. Worsham, “look at
the East Lake drive, which crosses Col
lege avenue at Oakhurst. I his fur
nishes to the autoists a modem road
from Allanta through Druid Hills to
’ Decatur, and before the summer is over
3 the Fence DeLeon avenue extension will
t I be completed, which will furnish still
T ano’hei such drive connecting Atlanta
| with Decatur.”
Colonial Hill Lots
Now Selling Fast;
Homes Being Built
Colonial Hfl! sales are a great demon
(ration of College Park boulevard proper
ty. Sales this week have far surpassed
any previous selling in this park, and,
from the prospects now apparent, it will
only be a few weeks till all of Colonial
Hill will be sold.
Three new homes were started this
week.
Following Is a list of buyers during the
past ten days:
H E. and N. E. Angler, Int 5,
block M. Frank N. and E* G. Gresham,
lot -20, block K; M S. Craig, lot 12, block
G; D. M. Parker, lot 4, block B; J. L. Sat
terwhite, lot 13, block M; W. E. Burt,
lot 18. block I: C. B. Apperson, lot 8,
block G; G. B Everett, lot 9, block L;
Mlsnell P Everett, lot 20. block L; Ar
thur S Oxenham, lot 21, block M: As L.
Bellamv, lot 32. block N; Mrs. Mae Wal
lace, 10l 26. block O; W. G. Allen, lot 13,
block 1. A. (’. Poggendick, lot 12, block I;
R. E. York, lots 12 and 17, blocks K and
X. S L. Fitzgerald, lots 1.4 and 15, block
X; J. C. Curtright, lots 22 and 5, block
E: R. H. Tomlinson, lot 26, block N; J. H.
Hopkins, lot 8. block E; M. S. Herndon,
lot 9, block E: Homer A. Tisde.l, lot 24.
block I: E. I. Florence and Miss Ij. C.
Florence, lot 27, block I.
’This shows a total of twenty-five lots
for the past few days, amounting to $23,-
850.
Other sales were R. H. Kelpen, lot 20.
block G. $1,000; Miss Jane Donaldson, lot
24, block A. SI.OOO Chardes H. Meyer, lot
18, block G. $750: <’. Farr, lot 21,
E. $700: F. G. Johnson, 10l 31. block B,
$700; W. E. Burl, 10l 20. block M, $750.
W. E Sitton, lot 27, block J, $500; George
Griffeth, lot 12. block X, $850; X Mo-
Holmes. lot 16. block H. $1,400; Mrs C
A Pierpont, lot 1. block Q. $1,050; H. *lc-
Neely, lot 2. block E. $1,050; Miss Myr
tle Eaunlus. lot 9, block M, $600; H. H
Sims and W. F. Brandt, lots 1.2, 3.
I. 5. 6. 7. in block I- ; H. L. Cardoza, lot
10, in liJock K. T. A. Blackwell, lot 1 in
block M. $700; C. A. Myers, lot 18, block
G. $750; S. M. Davis, lot 2. in block E.
$750; J E. Satterwhite, lot 12. in bloc k M.
$450: H M. McFail, lot 3. in block E.
$750; J. B Jones, lot 31. block O, $650, W.
A. Harrison, lot 23. block M, $650: O. T.
Voyles. lot 18, block 1. $900: I’ A. Ziegler.
i lot 12, block K, $900; As. B. Vorih, lot 22
block E, $700: Homer A Tisdel, lot 21.
block 1. $1,250
COCHRAN IS NOW AGENT
FOR INSURANCE COMPANY
The Ralph O. Cochran Realtx Com
pany of Atlanta has been made Geor
gia. representative so the < olumbia
Jufe Insurance Company of Cincinnati.
Charles I’. Tt.ft, brother of the nalion s
chief ■ xe. utive, I president of the com
pany.
WANT ADS
EDITORIAL
PRIOR • m Atlanta: TWO CENTB
1 • on Train: FIVE CENTS
Young Realty Man Is )
Booster for His City |
«SW»4»tSM»
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H. F. West, who says any rea
sonable investment in Atlanta
property is certain to bring
profits in course nf time.
100 CIN'T LOSE,
SMS H. F. WEST
Real Estate Values Well Based
and Advancing, and Invest
ments Are Safe.
H. F. West, of the firm of A. J. &
H. F. West, who have offices in the At
lanta National Bank building, ie a great
believer in the growth and future of At
lanta. Mr. West said todayt
"Despite the fant that It has bean
raining almost continually tor several
months, we have had a. splendid bustness,
and Atlanta continues to march forward
and upward, and it is bound to continue
In its growth and progress
"Not only our own cftlsens, but peo
ple from all over the United States, are
realizing that our advancement is per- ;
manent and that it will contlntio unlit
Atlanta is reoognlzed everywhere as one
of the greatest and moat progressive
cities in the whole country. Indeed, now
very few cities are ahead of us.
"Reul estate trading le solid antfxao-'
five. Our home people and. people from j
other sections realize that there Is tnonay’
to be made here, and they are all getting
in the Atlanta real estate market.
"Activity and advancement is not con
fined to any one section of the atty. It is
everywhere. The improvements now on
hand on and around Luckie, Harris, Orme
and Cain streets, and the immense via
duct on Bellwood avenue, and the great
work going on In Marietta street, will
•very soon bring more active trading at
advanced prices on these streets. Put your
money in Atlanta dirt. You can not
lose.”
GLOVER ANNOUNCES
AUCTION OF A TRACT
IN N. BOULEVARD
The Charles P. Glover Realty Com
pany announced today the sale of the
property of Peacock & Seals for May
25 at 3 o'clock. .
This property is located on North
Boulevard, three blocks north of Ponce
DeLeon avenue. The tract has been
cut up into 41 lots. Two new bunga
lows are for sale a: same time.
• I think this auction will prove the
most popular sale held this spring. It
is surprising to find out how few really
good lots are available on the north
side in this section of the city,” said
Mr. Glover.
"Tlie development of Piedmont park
and the opening up of the streets in
tervening between Piedmont park a.ud
Ponce DeLeon avenue has put on the
market the last available acreage this
side of the railroads. Houses in this
section are eagerly bought up by the
constantly increasing number of home
buyers, so we expect the lots to be
j snttpped up.
"\\'o have held the property off the
market until tie could make every im
provement. Buyers at this sale will
have no assessment of any Kind to pay,
las we a■'■ finishing tit" balance of the
tire 1 paving, and th' sidewalks, wa
ter, sewer and gas have been installed.”